Posted on 10/05/2009 2:43:21 PM PDT by NRG1973
The organization that brought you all those banners, ads and fund-raising pitches for the 2016 Olympics in Chicago soon will pay the price for the city's failure to get the games.
Chicago 2016, the high-powered civic committee that has worked on the city's bid for three years, is expected to lay off most of its 57 paid staffers by the end of October. A small group is expected to remain through year-end as it winds down operations.
In a "stewardship report" issued in late August, the committee disclosed that it has raised $76.9 million from July 2006 through last June 30. All the money was from private donations.
The 39-page report included a brief mention of how it would close shop after an unsuccessful bid. Chicago was the first city to be voted out of contention Friday by the International Olympic Committee, meeting in Copenhagen. The 2016 Summer Games were bestowed on Rio de Janiero, and bids from Madrid and Tokyo also were denied.
(Excerpt) Read more at suntimes.com ...
They just locked the doors and left everything. Computers, hard drives, voter registration forms, files, call lists, etc.
That question struck me too, but think about it a moment. The leases on the buildings they used need to be terminated. Office supplies need to be surplussed (and someone has to watch and make sure that the departing personnel don't help themselves to five finger discounts on their way out). Final accounting reports need to be prepared. Tax returns probably need to be prepared. Whatever cash they have on account needs to be returned to donors. There's probably more ...
I guess all three of us are dumb blondes then!
I'm not particularly disagreeing with you and Justa, it's just that years of Chicago corruption have made me a little cynical.
No need to yell, and you didn't offend me. You asked what operations could be left since Chicago lost the bid, and I responded. Who knew you'd have a problem with that? Peace.
It is pure, tax-free, tax-deductible-to-donors money laundering!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.